Email: sales@axiommrc.com Barrier Materials Market is Growing Big Opportunity from 2019-2028 Analysis by Axiom Market Research & Consulting™ Barrier materials are plastic coatings or multilayer combinations intended to minimize the diffusion of water and gas into and out of a flexible or rigid package. The EVOH, PVDC, PEN, PP, and PE are some of the examples of the barrier materials. These materials are effective against nitrogen, water vapors, oxygen, carbon dioxide, light and aroma compounds, and preserve the quality of the packaged products. Also, these materials are transparent and flexible and can be used in packaging applications in industries such as the food and 1 Email: sales@axiommrc.com beverage, pharmaceutical, and cosmetic industry. The market for barrier materials is on the rise as they have been widely adopted in numerous applications on account of their unique properties such as thermal stability, long shelf life, and high-performance levels. Moreover, barrier materials finds its applications in individual moisture barrier packing, air barrier packing, and vapor barrier packing applications. Thus increased adoption of barrier materials in applications such as food ingredients, dried food, resins, pharmaceuticals and cosmetics, automotive coatings, pigments and animal feed is further improving the market growth at rapid pace. Barrier Materials Market Dynamics A surge in the demand for packaged food products increases the demand for barrier materials for food packaging applications. Food is an integral part of daily life. Sustainability, counterfeit protection, efficiency, convenience, traceability, and flexibility are some of the main parameters associated with packaging solutions. For consumers, sustainable and easy-to-use packaging is becoming a priority now than ever before. Thus, factors such as growing demand of the consumer for packaged food owing to changing eating habits and improving lifestyle, high disposable income of the consumers, increasing population, demand for high quality and natural food with increased shelf life are propelling the growth of the market. Moreover, factors such as a surge in the demand for blister packaging and drug delivery systems, growing technological advancements, adoption of new regulatory standards and increased health awareness, and increasing demand for primary pharmaceutical packaging are again impelling the growth of the market. Covid 19 Impact on Barrier Materials Market Covid19, drastically affects the world supply chain and industrial sector growth. At the initial stages of the pandemic, the world 2 Email: sales@axiommrc.com experienced, ‘supply shocks’. China who plays a major role in the world’s supply chain was severely affected. There were disruptions to the availability of goods supplied from China. Supply of both finished and unfinished goods reduced. Day by day as the situation worsened, quarantines, social distance practices were imposed and nations begun instituting lockdowns. Following this the supply chains experienced demand shocks. The shutdown of economic activities affected all the sectors. Manufacturing and mining industry’s sluggish growth in turn affected the barrier materials market. Barrier Materials Market Segmental Overview The report analyses the Barrier Materials market based on category, type, industry, and geography Barrier Materials Market By Category By category, the global barrier material market is segmented into high barriers and moderate to low barrier depending on the level to which they restrict the passage of gases. The difference between these segmentations are indicatively based on the outcome of the barrier properties on the shelf life of the packaged products. The factors such as increased use of these high, moderate and low barrier materials in various end-use industries for applications such as flexible packaging, barrier coating and lamination, surge in the demand for high barrier packaging materials and increasing production of these materials are attributed to the growth of market. Barrier Materials by Type Aluminum, ethylene vinyl alcohol, polyvinylidene chloride, polyethylene naphthalate, and others are the types of barrier materials covered in this market study. The aluminium segment held the largest market share in 2020 and is expected to grow at a CAGR of 3 Email: sales@axiommrc.com 5.60% during the forecast period. Increasing application of aluminium in packaging applications mostly in food, pharmaceutical, and cosmetics, and surge in the use of aluminium as a barrier material owing to its several benefiting properties are major contributing factors behind the market growth. Barrier Materials Market by Industry The global barrier materials by end use industry is classified into pharmaceutical, food and beverage, agriculture, cosmetics, automotive and others etc. Food & beverage sector dominates the market. Increased production and consumption of various food products such as dairy products, meat products, fruits and vegetable, and many other beverages, a surge in the demand for healthy, processed, and packaged food products, rising adoption of food products by online shopping method during COVID-19 pandemic, and growing awareness of the consumers regarding health are key benefiting factors behind the growth of the market. Download Sample PDF Copy of This Report (Use Your Business Email for Quick Response): https://www.axiommrc.com/request-forsample/10289-barrier-materials-market-report Barrier Materials by Geography Geographically, the barrier materials market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and rest of the world regions which includes Latin America, and Middle East & Africa. Asia Pacific is likely to hold the dominant position and is also expected to be the fastest growing regional market in global barrier materials market during the forecast period owing to improving lifestyle of the people, rising industrialization and 4 Email: sales@axiommrc.com urbanization, rising expenditure on nutritious and healthy products, increasing population, rapid growth in the automotive industry in economies such as China and India in the region. Barrier Materials Key Players Some of the major players operating in this market include 3M (United States), Kuraray Co., Ltd (Japan), The Dow Chemical Company (United States), Solvay S.A (Belgium), Chang Chun Petrochemical Co., Ltd (Taiwan), DuPont de Nemours, Inc. (United States), Kureha Corporation (Japan), Asahi Kasei Corporation (Japan), Teijin Limited (Japan), Nippon Synthetic Chem Industry Co., Ltd. (Japan), Zhejiang Juhua Co., Ltd (China), Mondi Group plc (UK), Coexpan (Spain), Arkema (France), Toppan Printing CO. Ltd (Japan) among others. 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